Lagos - The Lagos State Government has allocated N100 billion (US$600 million) for the construction of a new computer village.
The project located in Oke Ado area of the state is being constructed as a new site for computer and allied product dealers in the popular computer village market who the government aims to relocate.
Speaking on efforts to relocate the market to a bigger space, Governor of Lagos State, Babatunde Fashola, said the state had earmarked over N100 billion for the project, which will be completed by next year.
He said the state decided to embark on the project because of the importance it attached to information and communications technology (ICT) development and the desire to make the state an ICT hub.
He said that the old space where the computer village market was currently located was a residential area and as such, the relocation of the market had become necessary.
Although the governor did not disclose more details on the stage of the project, he however was confident the project would be conclude in 2014.
"You are aware of our effort to relocate computer village. Let me assure that we are committed to that project. If project continues to go as planned, we will deliver the first phase of the project by the year 2014" he said.
The governor said that when completed, the new ultra modern complex will consist of over 10 000 shops, banking halls and all other basic facilities.
- CAJ News